This Is What Would Drive Gold To $1,450 – DeCarley Trading

Uploaded by Todd Delgadillo on January 13, 2018 at 4:11 am

This Is What Would Drive Gold To $1,450 &#8211; DeCarley Trading

(Kitco News) While the gold market has its issues, it still surpasses bitcoin in may ways, according to a veteran trader.
“Bitcoin has no intrinsic value,” said Carley Garner, president of DeCarley Trading, in an interview with Kitco News, “Bitcoin is more of an idea than an asset at this point, in my opinion.”
Turning to gold, Garner said the yellow metal has room to move $30 higher due to seasonal factors. She added that “if…and that’s a big if, stock markets find a way to go into some correction, and risk-off assets become attractive again, then I think gold may have a shot at $1,450 [an ounce].”

__
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

(Kitco News) While the gold market has its issues, it still surpasses bitcoin in may ways, according to a veteran trader.
“Bitcoin has no intrinsic value,” said Carley Garner, president of DeCarley Trading, in an interview with Kitco News, “Bitcoin is more of an idea than an asset at this point, in my opinion.”
Turning to gold, Garner said the yellow metal has room to move $30 higher due to seasonal factors. She added that “if…and that’s a big if, stock markets find a way to go into some correction, and risk-off assets become attractive again, then I think gold may have a shot at $1,450 [an ounce].”

__
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

Comments

People who really thinks " Bit's " are the same as Gold or Silver. [ Hehehehehe! ] What did the scarecrow sing? That's right… wish I only had a brain.

greygoozzsays:

Speaking about cryptos as though they matter is embarrassing and shameful, might as well be talking about the Tooth Fairy and Unicorns.

end of days are you readysays:

Get rid of the corrupt paper markets and the metals would perform like the cryptos !!!

mr1mowsays:

O.k. sounds great.

luffebassensays:

So stupid Disgussion. Buy 20% in gold if i makes u sleep better and then the rest in crypto and start making some money while the market is young. This ignorance is gonna leave alot of ppl in the dust. The future is crypto and metals is still good as backup. But u wont make money from holding gold. So no reason to compare the two. Just hold both instead of this stupid one or the other kind of a deal.

Jon Singletonsays:

The same agrument can be said about gold futures. Just trading ideas.

eightnduhcorner0says:

Daniela, nice to see a knowledgeable woman interviewed…great change from the normal players! Kudos.

beyondtheprogrammingsays:

trading financial "ideas" that are incidentally still priced in fiat – with a huge potential to entirely erase all of the over printing due to QE excesses.

David Ciscosays:

Assessing voluntary value to an invisible nonentity is most illogical. But after decades of using Government Fiat currency humans have been conditioned to accept, grade and add value to invisible nonentities. When logic is scarce and conditioning complete, the value of nothing can accelerate to very high levels and last for an eternity.